It is not so simple. China has many issues to juggle, including possibly a US-China cold war, US President Trump’s temper tantrums and Hong Kong.
SINGAPORE (May 29): As Europe and the rest of the world reopens for business after their lock-downs, governments and economists are studying the Chinese model. China was a FIFO — First In, First Out — case for Covid-19.
“In China… draconian measures were enacted, such as absolute lock-downs. The nationwide shutdown exerted a clear shock to the economy – recording a negative 6.8% y-o-y growth rate in the first quarter of 2020 – but that has also positioned China for a strong recovery going forward,” notes UBS Asset Management.
